$4,950,000
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488 Main St, Springfield, OR 97477

2 Beds
2 Baths
13,408 Sq Ft

Rivett on 5th & Main is the newest mixed-use development in the Eugene/ Springfield metro area. Just finished in December of 2024, it features 12 townhouse style apartments on the second floor, two retail spaces and one live/work unit. Architecturally designed with top-of-the-line amenities. 10 year property tax freeze on apartments (excludes commercial units.) Lease up has just begun and at the asking price, Seller will lease back any apartment unit that is not leased by closing.

  • MLS# 352831896
  • Date Listed01/28/2025
  • Days on Realty 323 Days
  • Bedrooms 2
  • Bathrooms 2 baths
  • Lot Size 0.11 acres (4,791 sq. ft)
  • Sewer Public Sewer
  • Property Type Multi Family
  • County Lane
  • Year Built 2024
  • Water Public
  • Square Feet 13,408 sq. ft
  • Price Per Sq. Ft $369.18

Interior Features

  • Cooling Heat Pump
  • Heating Heat Pump

Exterior / Lot Features

  • Roof Membrane
  • Lot Size Acres 0.11
  • Lot Size SQFT 4,791.00
  • Lot Features -

Financial Considerations

  • Tax Amount $11,467
  • Terms Cash, Conventional, FHA, VA Loan

Nearby Schools

Source: School Digger

Sales & Tax History

Source: Public Records

Population & Environment

Source: Sperling's Best Places

Walkability in OR / 97477

Source: Walkscore

86/100

Very Walkable

Walk Score ®

46/100

Some Transit

Transit Score ®

82/100

Very Bikeable

Bike Score ®

Overview

Most errands can be accomplished on foot. A few nearby public transportation options. Biking is convenient for most trips.

Transit Summary

7 nearby routes: 7 bus, 0 rail, 0 other


Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 26/100, Transit Score: 18/100, Bike Score: 53/100.

Property Change History

Points of Interest near 488 Main ST, Springfield, OR 97477

Frequently Asked Questions for 488 Main ST

Source: Realty.com

488 Main ST, Springfield, OR 97477 is a Multi Family, Residential Income property listed for $4,950,000 The property is 13408 sq. ft with 2 bedrooms and 2 bathrooms

Realty.com has 19 photos of 488 Main ST.

Our records indicate that 488 Main ST was built in 2024.

The full address for this home is 488 Main ST, Springfield, OR 97477.

488 Main ST has been listed on Realty.com since Tue January 28, 2025

Most errands can be accomplished on foot. A few nearby public transportation options. Biking is convenient for most trips.

The average walkability score in the surrounding area is Walk Score: 26/100, Transit Score: 18/100, Bike Score: 53/100.

There are 3 schools assigned to this home. Check out the schools near 488 Main ST. Maple Elementary School (Grades: PK - 5), Hamlin Middle School (Grades: 6 - 8), Academy Of Arts And Academics (Grades: 9 - 12)

Listing provided courtesy of: Windermere Re Lane County (tel: 541-484-2022)
Listing agent: Kristena Cox (#6292)

This content last refreshed on 2025-12-17 13:13:16. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

Export listing data of 488 Main ST, Springfield, OR 97477 : MLS# 352831896